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9.
CASH AND CASH EQUIVALENTS
| |
|
|
|
|
|
2007 |
|
|
2006 |
|
| |
|
|
|
|
|
£m |
|
|
£m |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash
at bank and in hand
|
|
|
|
|
|
568 |
|
|
511 |
|
|
Cash
equivalents
|
|
|
|
|
|
|
|
|
|
|
|
Listed
cash equivalents
|
|
|
|
|
|
|
|
|
|
|
|
Euro treasury bills |
|
|
|
|
|
10 |
|
|
8 |
|
|
Unlisted
cash equivalents
|
|
|
|
|
|
|
|
|
|
|
|
US
corporate debt securities
|
|
|
|
|
|
– |
|
|
422 |
|
|
UK
deposits
|
|
|
|
|
|
417 |
|
|
914 |
|
|
European
deposits
|
|
|
|
|
|
57 |
|
|
70 |
|
|
US
deposits
|
|
|
|
|
|
23 |
|
|
40 |
|
|
|
|
|
|
|
|
|
|
|
|
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Total
cash equivalents
|
|
|
|
|
|
507 |
|
|
1,454 |
|
|
|
|
|
|
|
|
|
|
|
|
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Total
cash and cash equivalents
|
|
|
|
|
|
1,075 |
|
|
1,965 |
|
|
Bank
overdrafts
|
|
|
|
|
|
(51 |
) |
|
(181 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Cash
and cash equivalents per the cash flow statement
|
|
|
|
|
|
1,024 |
|
|
1,784 |
|
|
|
|
|
|
|
|
|
|
|
|
The group
has cross undertaking guarantee facilities across certain
bank accounts which allow a legally enforceable right
of set off of the relevant cash and overdraft balances
on bank accounts included within each scheme. Included
within overdrafts at 31 March 2007 were balances
of £49 million (2006: £171 million)
which had a legally enforceable right of set off against
cash balances of £117 million (2006: £209
million). These balances have not been netted above
as settlement is not intended to take place simultaneously
or on a net basis.
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